W. Africa Crude-Gasoline margins boost Nigerian grades

Sasol

07/10/2022 18:12

LONDON, Oct 7 (Reuters) - An improvement in gasoline
refining margins in the United States and Europe boosted offers
for Nigerian crude while a week-long holiday in China was
depressing sales of Angolan oil.
    * Gasoline refining margins in Northwest Europe hit levels
last seen in August this week, boosting offers for light, sweet
crude.
    * November-loading Qua Iboe crude was being offered for
around dated Brent plus $5.50 a barrel, around $2 above sale
prices for cargoes loading last month.
    * Nigerian crude values were boosted by a slew of outages on
some crude streams as maintenance efforts continue to drag.
    * At least 10 cargoes of November-loading Angolan crude was
being offered.
    * Angola's state firm Sonangol was still offering November
loading Girassol and Dalia at dated Brent plus $4.50 a barrel
and plus 50 cents, respectively.
    * South African refiner Sasol issued a buy tender for
December arrival crude. Bids are due on Oct. 10.
    * India's IOC closed a tender for December loading crude but
results had yet to emerge.
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 (Reporting by Noah Browning; Editing by David Gregorio)
 ((Noah.browning@thomsonreuters.com))
 
((WEST AFRICA CRUDE OIL DIFFERENTIALS AND OUTRIGHT PRICES:
                     0#BFO-DIF    0#C-E 
    Bonny Light      BFO-BON      BON-E 
    Cabinda          BFO-CAB      CAB-E 
    Forcados         BFO-FOC      FOC-E 
    Qua Iboe         BFO-QUA      QUA-E  
 CRUDE ARBITRAGE STORIES  O/CRUDEARB  
 CRUDE OIL TRADES   CRU/T  
 NORTH SEA CRUDE REPORT  CRU/E  
 MEDITERRANEAN CRUDE  CRU/MED  7
 W Africa Asia crude exports, monthly   O/WAFRICA1  
 New African oilfields          AFR/NEW  
  ENERGY  speed guide 
  CRUDE/1  crude speed guide 
 NYMEX crude  0#CL:            ICE crude  0#LCO:    
  OPEC                  NSEA   North Sea 
  CRU   crude oil            PROD   oil products 
  DRV   derivatives          PRO/E  European products 
  O/L   Latest ICE           O/N    Latest NYMEX 
  OILOIL    NYMOIL   IPEOIL   OILSPD   OILARB  
 CRDWLD  PRODEUR ))))